White House near to appoint Christy Goldsmith Romero, derivatives regulator, as new FDIC head.

The White House is reportedly close to naming Christy Goldsmith Romero, a derivatives regulator, as the new head of the Federal Deposit Insurance Corp (FDIC). Goldsmith Romero has emerged as the front-runner for the position after Martin Gruenberg announced his departure following an investigation revealing misconduct at the agency. If appointed, she would address the FDIC's "toxic" environment and strengthen market policing.